THE village
at Gillette

investment highlights

• Strong Rental Upside Support with the Property Operating Well Below Comparable Market Rate Properties and with a High Historical Occupancy Rate
• Efficiently Operated Property with a Vacancy Rate Below 3.5% Over the Trailing-12 Months
• Campbell County has Experienced an Increase of 13.79% in Area Median Income Since 2016
• Gillette is Known as the Energy Capital of the Nation as it Provides Almost 35% of the Nation’s Coal, and is a Significant Producer of Natural Gas and Oil

The Opportunity

The Village at Gillette Apts. is a 49-unit affordable housing community located in Gillette, WY. The property is conveniently located minutes from major retailers including Walmart Supercenter and Albertsons. Numerous restaurants, outdoor recreation, schools, and major transportation arteries are nearby as well.

The property was built and placed in service in 2008 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require 98% of units to be rented to income qualifying residents earning no more than 50% and 55% of the Area Median Income (AMI) limits, which are provided by the Wyoming Community Development Authority.

The Village at Gillette Apts. offers one, two, and three bedroom apartment homes featuring washer and dryer connections. Community amenities include a clubhouse, business center, and playground